UPDATE: Saber Interactive has provided Insider Gaming with the following statement on the news that New World Interactive is being shut down.

“Saber can confirm there have been restructuring changes involving our New World Interactive subsidiary. This reorganization has unfortunately resulted in layoffs at the studio. We are working to fill existing open roles within Saber with individuals affected by these changes wherever feasible and we will be providing severance packages to those employees impacted.

“Development will continue on Insurgency: Sandstorm, as well as unannounced future projects.”